22 July 2016
NESTLING on the edge of The Stray, Oatlands hosts many of Harrogate’s most sought-after addresses – yet retains a unique community feel in an area to the southern fringe of the popular spa town.
We found most of the property sales in Oatlands over the past year were detached properties which on average sold for £566,870. Semi-detached properties had a typical sold price of £388,003, and terraced properties averaged £279,052.
Oatlands, with an overall average price of £406,558, was similar in terms of sold prices to nearby Pannal (£424,889), but was more expensive than Harrogate as a whole (£300,216) and cheaper than Follifoot (£513,625).
Our analysis of independent research shows that in the past year house prices in Oatlands were 7% up on the year before and 11% up on 2012 when they averaged at £365,047 a clear signal of both its popularity as well as its potential investment returns.
The community includes two schools, Oatlands Primary School and Oatlands Infant School, and unusually for this area of Harrogate - some allotments.
A flagship Marks & Spencer Simply Food store is also a hallmark of the area, which also stages its own Oatlands Fest every year a celebration of Yorkshire music and beer
Its community spirit came to the fore recently, and attracted widespread media interest, when it held Harrogates inaugural Window Wanderland.
The event saw many windows in the Oatlands area lit up for two evenings to create a magical walking trail around the streets, businesses and shops to bring the local community together.
It was organised by a group of five mums who all live in the Oatlands area and who all feel passionately about their local area and community.
With the local population forecast to rise in the next five years, demand for properties in this area will continue to accelerate.
Analysis shows that the area is a magnet in particular for established families in large detached homes living upmarket lifestyles; thriving families who are busy bringing up children and following careers, and elderly people with assets who are enjoying a comfortable retirement.
Data sourced from Land Registry, last updated 29th April 2016. Demographic information taken from Experian report Oct 2015.